St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-16
The COMMERCIAL RECORD.
ct the Opening Of the Chicago Board
May Pork Had Quite
Little Boom.
Some Slight Advance Was Also Made
Both in Wheat and
Corn.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.


CHICAGO, Dec. ID Provisions opened
strong at $3.50 for May pork In few
minutes the price was S15.37l2. The crowd
thought it detected Bloom trying slyly 10 sell
stuff on the bulge, and broke the price TO
SI5.l7la in about ten minutes May lard was
quoted around the opening at S1.S5Q7.90,
and March ribs at S7.62l207.65. The trad
ers of the provision pit are laying Tor
Bloom. They are agreed that his line is yet
10000 to %. 0G0 barrels of pork and 49, 900
tierces of lard at least. He has large profit
in sight on basis of current quotations, but
he has not secured ii, and the boys will try
and make ii as small as possible. The play
is getting more interesting as Leopold dlfh-
cultv increases and the market narrows.
Grain opened weak and sold off, May wheat
going from S3Isc to S25sc, and May corn
from 53Ssc to 52Sac. Trading early was not
on phenomenally large scale anywhere, as
was the case yesterday. The market hard
ened after the early break this morning.
May wheat climbed back to S3lsc, May corn
to 53I2c, and May pork TO S15.43. Robert
Warren sold 900 TO 5000 barrels of pork
above So. 80, supposed to be for Bloom. He
PEDDLED 1T OUT
among the boys while Robson bulled the
market Other hog product advanced mod
erateIv. with light business passing. Pack
ers lament the falling off in the consumpuve
trade They say the shipping demand Tor
meats has not been so small i'll years, ana mat
the foreign inquiry has practically stopped
Wheat and corn do not act weak. lou near
no end of bear talk, but short sellers are sat
isfied to take small profits and get out. The
markets bull easier than they bear. The VIII
ter wheat markets are particularly firm, es-
pecially TO the east of here. Toledo and
Detroit are paying about as much for cash
wheat as May wheat brings here, and they
are as high almost as Baltimore. This is 80
dc above the ordinary run of markets. These
relatively high prices have ruled for several
weeks, yet receipts di minish instead OF IN
crease. Toledo only getting $4,000 bu to-day.
New York is not superabundantly bulllsh
and export trade is light. though it is men
toned as an item of interest that 60, 600 bu
of wheat went down the Mississippi from St
Louis to-day Corn viii not stay down. 1t
does not 60 above 53I2c, which appears 10 be
a striking point, but there is deeper underly-
ing faith in the merit of corn than in any
thing else on the speculative list, and every
break brings lot of buying orders TO the sur
face. Receipts of corn do not increase as ex-
pected. and at the present time the total Wis
jble supply is ]. OO0. 900 bu less than oats a
condition of things very unusual. Officials
of the Chicago, Burlington d Quincy. Rock
Island and other corn roads say they are
hauling more corn from Northern Iowa and
Nebraska down into Kansas and Texas than
they are bringing to Chicago, and more than
they will bring here on the crop. The clos
ings on grain at l o'clock do not show ma
terial change from yesterday. Flour senti-
ment is again changing around from the
bear to the bull side though the bear party
is still strong. New orders were scarcer to-
day than they have been any day fora month,
SO commission merchants and brokers say.
THE ROUTINE REPORT.
CHICAGO Dec 15.-The provision market
was the only one which displayed life at the
opeping of the board of trade to-day. Con
tinueo light receipts of hogs caused May
pork which closed yesterday at SID %. 10
open at $3.50 and in the first furry it ran
mp to S15.37l2. Shortly after it went back to
Sis 25. Then under purely local deals il
rose to SI5.27I2 before the call bOari con-
vened Towards the close of the morning
session some heavy local operators began
bulling lard and in sympathy pork went up
to Sl5.52I2. The upward movement was
also considered as being due to the covering
done by shorts. May wheat opened I'M
changed at S3c, sold to S3@i S3Isc, and then
eased off TO S25sc under lack of buying
orders. Short covering sent it up again to
s34c. May corn opened at 53$sc. sold up to
53l2c and back to 5314c, all in the first fif-
teen or twenty minutes. 1t then eased Off 10
527sc. With the later advance in wheat,
corn moved up TO 5358c.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat No. 2SDecember 755sc closing at
75ssc; January, 76c, closing at 76c; March,
774c closing at T7Ssc; May, S3c. closing at
S3c Corn-No. = December, 47S4c, closing
at 4SIsc; January, .4Sc, closing at 4sAc;
~ al Mt MoN-
53ssc. closing at 535sc. Oats-No. 2. Jan
uary, 30I4c. closing at 3O14c;
May 33ssc, closing at 33sSe
Mess Pork per bbl--January, Sl4.7O, closing
May, Sl5.3O, closing at 49, go. Lard per 100
lbs-January, S7.52l2, closingat S7.65; Feb
ruary, 81. zoe closing at S7.75c; March,
$40, closing at $40; May, 80, closing
at $500. Short Ribs per 100 lbs-JanuaTy,
S7.5O, closing at 500; February; $3.50,
closing at S7.75; March, S7.72I2. closing at
S7.SJ; May, $3.50, closing at $500.
Cash quotations were as follows: Flour
Dull and prices nominally unchanged.
Wheat-No. > spring, 75$s@75l2e; No; 3
No. ,. 6Il2c. Barley-No 2, 7C@76c Flax
Seed-No. 1. Sl.24. Timothy seed-Prime,
$2.26. Mess pork per Dbl: sl4 S 5o@l4z5:
sides doosel. S7.5007.55. Dry sailed Shout
ders (boxed), So seas. 90. Short clear sides
tboxed). S79O@7 95. Whisky-Distillers'
finished goods, per gal. Sl-1O. Sugars
Cut loaf, 7a4@Sl4c; granulated, 1-5c:
standard A &c Receipts-Flour, SO, 600
bbls; wheat, $4,000 bu: corn, $4,000 bu;
oats, Co. 900 blu; rye, 500 bu; barley. So,
00J bu. Shipments-FlOur, $4,000 bbls;
wheat 10000 bu: corn, $4,000 bu; oats,
81, 1000 bu: rye, 500 bu; barley, 10000 bu.
On the produce exchange to-day the butter
market was quiet: extra creamery. 2SG30c;
fancy dairy, 25@26c Eggs, 20l2022c.